Fri, 03 Sep 2010 | BUSINESS NEWS
New research has suggested that a revival of mergers and acquisitions activity within the global asset management industry is imminent.
Global securities and investment banking firm Jefferies' report, entitled 'Turning Tides', predicts a wave of sellers, whose plans for growth were delayed by the credit crunch, will return to the market in the near future.
The report cites that independent managers will increasingly seek partners to help them grow as they 'shift their focus from business preservation.'
The bulk of buyers are expected to come from expanding emerging markets.
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